Interlink Electronics, Inc. (NASDAQ:LINK) Short Interest Update

Interlink Electronics, Inc. (NASDAQ:LINK) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 51,073 shares, a decline of 19.0% from the November 30th total of 63,073 shares. Approximately 2.0% of the company’s stock are short sold. Based on an average daily volume of 32,271 shares, the short-interest ratio is currently 1.6 days. Based on an average daily volume of 32,271 shares, the short-interest ratio is currently 1.6 days. Approximately 2.0% of the company’s stock are short sold.

Institutional Trading of Interlink Electronics

A number of large investors have recently modified their holdings of LINK. CreativeOne Wealth LLC bought a new stake in Interlink Electronics in the 3rd quarter valued at about $510,000. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Interlink Electronics in the third quarter valued at approximately $61,000. Finally, Wexford Capital LP acquired a new stake in shares of Interlink Electronics in the third quarter valued at approximately $38,000.

Interlink Electronics Trading Up 8.4%

LINK traded up $0.30 on Wednesday, hitting $3.88. 59,998 shares of the company’s stock were exchanged, compared to its average volume of 44,873. The stock has a fifty day moving average of $4.45 and a two-hundred day moving average of $5.25. Interlink Electronics has a twelve month low of $2.99 and a twelve month high of $10.10. The firm has a market cap of $61.11 million and a PE ratio of -194.00.

Interlink Electronics (NASDAQ:LINK) last posted its earnings results on Wednesday, November 12th. The technology company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). The company had revenue of $2.96 million during the quarter, compared to analyst estimates of $3.10 million. Interlink Electronics had a negative return on equity of 15.57% and a negative net margin of 12.93%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wall Street Zen raised Interlink Electronics from a “hold” rating to a “buy” rating in a report on Friday, November 28th. Lake Street Capital lifted their target price on Interlink Electronics from $6.67 to $8.67 and gave the stock a “buy” rating in a research report on Tuesday, September 9th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Interlink Electronics in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $8.67.

Interlink Electronics Company Profile

Interlink Electronics, Inc is a California-based company specializing in the design, development and manufacture of human interface technologies. The company’s core focus is on force-sensing and touch-sensitive solutions that enable intuitive control and feedback in electronic devices. Interlink holds proprietary intellectual property in the field of force-sensing resistors (FSRs) and related sensor technologies, giving it a distinct position in the market for tactile input components.

Interlink’s product portfolio includes thin-film force-sensing resistors, membrane keypads, touchpads and programmable touch-feedback modules.